This is the 10th Anniversary of Financial Inclusion Week. This year the Mifos Community will be presenting a panel session “The future of finance is open” bringing together Ed Cable CEO/President of Mifos, James Hume CEO of Begini, and Victor Romero CTO of Fintecheando. This session will be featured in the showcase on 15th October.
Open finance will provide opportunities for both innovators and incumbents as financial inclusion leaps forward in the coming years.
The rise of open technologies will underpin financial inclusion through open-source licensing, open APIs, and allowing digital sovereignty.
Open architectures in Fintech are important in delivering inclusions as by adopting a core-edge approach they can allow for inclusive innovation to be integrated.
We are moving away from the “silo-isation” of data and technologies towards global communities, democratisation of data and digital public infrastructure.
Lenders are looking to supplement legacy credit scores with modern data alternatives that look beyond the biased systems of the past to open new markets and extend fairer credit to all.
